导　　师： 罗其安

学科专业： 120201

授予学位： 硕士

作　　者： ;

机构地区： 暨南大学

摘　　要： 2006年财政部颁布了新的企业会计准则,适度、谨慎地引入公允价值计量是2006年版新会计准则的一大特点。2007年,美国次贷危机引发了全球的金融危机,有矛头指向了会计的公允价值计量,认为公允价值计量是经济衰退的加速器。为了探究真相,学者们再次对公允价值进行了大量的讨论和研究。 在这种背景下,本文回顾了公允价值计量的历史发展,对公允价值计量有关的准则制定和学者研究文献进行综述,介绍了公允价值计量以及机构投资者在中国的发展现况,分析了决策有用观和公允价值计量的关系。基于公允价值计量与决策有用观的关系,试图通过实证检验在中国的资本市场公允价值计量对机构投资者决策的影响。实证结果表明公允价值计量对机构投资者投资决策有影响但是并不是非常显著,机构投资者对公允价值计量持乐观态度,而非公允价值计量对机构投资者持股有显著的影响,说明历史成本计量并未失去其作用。适度、谨慎地运用公允价值计量适合于中国资本市场的现状,进一步推行公允价值计量应该关注风险估计的披露。 In 2006, Chinese Ministry of Finance promulgated a new Accounting Standard for Business Enterprises. Adopted the fair value measurement modestly is a major feature in the 2006 version. In 2007, the U.S. subprime mortgage crisis triggered a global financial crisis. Fair value measurement had been criticized as an accelerator of recession. To explore the truth, scholars made a great deal of discussion about fair value. In this context, the paper reviewed the historical development of fair value and introduced the relevant standard-setting and scholars' literature of fair value measurement. This paper expounded the current situation of fair value measurement and institutional investors in China, analyzed the relationship between fair value and Decision-Usefulness. Based on the fair value measurement is useful for investor, the paper tries to demonstrate the affect of fair value to institutional investors'decisions through the fact. The empirical results show that the fair value has impact on investment decisions of institutional investors but not very significant, institutional investors are optimistic about fair value measurements, assets and income measured with not-fair value measurement have influence on the shareholding of the institutional investors. It proved that HCA has not lost its role. It concludes that use fair value modestly is suitable for China. Further implementation of fair value should be concerned about the disclosure of risk estimates.

关 键 词： 公允价值计量 机构投资者 决策有用观 历史成本计量

分 类 号： [F233]

领　　域： [经济管理] [经济管理]